Exide Technologies Announces Consummation of Financing Transactions

May 24, 2017

Early Settlement Date with respect to Offer to Exchange Outstanding First Lien Notes for New First Lien Notes with Extended Maturity and Related Consent Solicitation. Issuance for Cash of Additional New First Lien Notes and Common Stock

Milton, GA – (May 24, 2017) – Exide Technologies (www.exide.com), a global provider of stored electrical energy solutions (the “Company”), today announced that it has accepted for purchase pursuant to its previously announced Exchange Offer and Consent Solicitation, an aggregate of $294,159,010 aggregate principal amount of its 11% First Lien Senior Secured Notes due 2020 (the “Existing First Lien Notes”) in exchange for an equal principal amount of new 11% First Lien Senior Secured Notes due 2022 (the “New First Lien Notes”). Holders whose notes were accepted for purchase also received an early tender premium payable in the form of New First Lien Notes in an amount equal to 2% of the principal amount of Existing First Lien Notes accepted for purchase and such holders also received a portion of the accrued interest on Existing First Lien Notes in the form of New First Lien Notes. In addition, certain investors have today purchased for cash $150.0 million in aggregate principal amount of additional New First Lien Notes and 4,050,000 shares of Common Stock for an aggregate purchase price generating gross proceeds of $135 million. As a result of the foregoing transactions, $459,937,345 aggregate principal amount of New First Lien Notes are issued and outstanding and $9,326,129 of Existing First Lien Notes remain outstanding.

The holders of approximately 96.93% of the aggregate principal amount of Existing First Lien Notes tendered their Existing First Lien Notes (and provided related consents) pursuant to the Exchange Offer and Consent Solicitation. The terms of the New First Lien Notes are substantially similar to the terms of the Existing First Lien Notes (prior to effecting the amendments (as described below)), except that the New First Lien Notes mature on April 30, 2022. The Company today has also entered into a supplemental indenture to the indenture governing the Existing First Lien Notes (and amendments were made to various other security and ancillary documents) which, among other things, eliminated substantially all of the restrictive covenants and certain events of default under the indenture and released all collateral previously securing the Existing First Lien Notes.

The Exchange Offer and Consent Solicitation will expire at 11:59 p.m., New York City time, on June 7, 2017. For Existing First Lien Notes that are validly tendered after the Early Tender Deadline but at or before the expiration and accepted for exchange by the Company, tendering holders will receive an equal principal amount of New First Lien Notes but will not receive the early tender premium described above.

Full details of the terms and conditions of the Exchange Offer and Consent Solicitation are described in the Offering Memorandum and related Letter of Transmittal. Requests for additional copies of the Offering Memorandum or the Letter of Transmittal should be directed to D.F. King & Co., Inc. at the following telephone numbers: (866) 828-6934 or (212) 269-5550 (banks and brokers).

Forward-Looking Statements

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current beliefs and expectations and involve certain assumptions or estimates that involve various risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Readers should not place undue reliance on any such forward-looking statements, which are made only as of the date hereof. Exide Technologies has no duty, and assumes no obligation, to update forward-looking statements as a result of new information, future events or changes in the Company's expectations.

About Exide Technologies

Exide Technologies (www.exide.com) is a global provider of stored electrical energy solutions—batteries and associated equipment and services for transportation and industrial markets. With 128 years of industry experience and operating in more than 80 countries, Exide produces and recycles a broad range of products that keep customers and their businesses powering forward.

The Exide Transportation business manufactures and markets starting, deep-cycle, and micro-hybrid batteries for automotive, light and heavy-duty truck, agricultural, marine, military, powersport, and other specialty applications, along with battery diagnostic equipment and charging systems.

Exide serves the Industrial Power markets with its GNB®-branded efficient energy storage systems for both Motive Power and Network Power customers. Motive Power applications include materials handling (power for lift trucks, airside assistance vehicles, and automatic guided vehicles); cleaning machines; railroads; military and mining vehicles; and other commercial electric vehicles. Network Power installations include standby power for electric utilities; telecommunications systems; alarm/security systems; renewable energy systems; railway systems; uninterruptible power supply (UPS); and defense industry equipment.

Exide Technologies is Powering the World Forward. History and scale, combined with a start-up mentality, make Exide the right choice for customers who want more than simply a battery supplier.